Question : Subsidies involves-
 

Option 1: Selling the goods above the cost of production
 

Option 2: Selling the good below the cost of production
 

Option 3: Selling the product it cost less indirect taxes
 

Option 4: All of the above.
 

Question : The difference between indirect taxes and subsidies is _________________. 

Option 1: Net direct taxes

Option 2: Factor market

Option 3: Market price

Option 4: None of the above. 

Question : Which of the following formulas is correct for Gross Value Added(GVA)?

Option 1: (GVA) = Gross National Product – Subsidies + Taxes

Option 2: GVA= Gross Domestic Product – Subsidies + Taxes

Option 3: GVA = Gross National Product + Subsidies – Taxes

Option 4: GVA = Gross Domestic Product + Subsidies – Taxes

Question : Which of the following are the part of tax reforms?
 

Option 1: Reduction in taxes
 

Option 2: Reforms in indirect taxes
 

Option 3: Simplification of tax process
 

Option 4: All of the above.
 

Question : Which of the following is not included in the calculation of net domestic product (NDP)?

Option 1: Depreciation of capital goods

Option 2: Indirect taxes

Option 3: Subsidies

Option 4: Net exports

Question : Concept of indirect taxes and subsidies exist in __________ economy.
 

Option 1: Two sector
 

Option 2: Three sector
 

Option 3: Four sector
 

Option 4: Both B & C